In the first quarter, Russia sold abroad less stones, but earned much more.
8.56 million carats from Yakutia (-7.3 percent year to year) left Russia but their value (1.03 billion dollars) was 30.3 percent higher than a year ago.
The most money for Russia's diamonds were spent by the Belgians (678.4 million dollars). Indians paid 199.1 million dollars, Israelis 81 million and Arabs from the UAE - 33 million dollars.
Throughout last year, Russia sold through its diamond company Alrosa 32.4 million carats of diamonds (-20 percent) and banked on that 3.81 billion dollars, the Russian Ministry of Finance reported.
In two weeks shares of social networking site Facebook rose by 22 percent.
The company, which was founded among others by Mark Zuckerberg, gained $ 16 billion from the shares in May. It is a record for technology companies. From the hole of 5th June, when the values cost only just 25.87 USD Facebook pulled course presenting new products and services, but they have not made up for all the losses yet. In the public offering its shares were sold at $ 38. At the end of trading yesterday on the Nasdaq was 31.60 dollars per paper.
The Polski Fundusz Rozwoju (PFR) is co-financing the construction of a new intermodal terminal for CLIP Group in Zabrze. The investment, valued at approximately PLN 145 million, is being developed on post-industrial land previously occupied by the Makoszowy coal mine and JSW Koks facilities, with completion scheduled for mid-2026.
czytaj więcejHow to Enter a New Market and Avoid Getting Stuck at the “Online-Only” Stage: The Case of Krayna’s Expansion into Spain
Entering a foreign market is rarely just about having a strong product. More often, success depends on a combination of the right decisions, partnerships, timing, and the ability to seize opportunities when they arise. This was exactly the path taken by Krayna, a Polish producer of vegan cosmetics, which successfully established its presence in the Spanish market.
czytaj więcejThe “Port Polska” investment programme marks a major step forward in strengthening Poland’s economic resilience and industrial potential. The initiative focuses on supporting the development of domestic companies, ensuring security of supply, and creating local jobs, all while increasing the share of Polish involvement in large-scale infrastructure projects.
czytaj więcejDuring the Investor Gala organized by the Polish Investment and Trade Agency (PAIH), the Taiwan Electrical and Electronic Manufacturers’ Association (TEEMA) announced its decision to establish a Technology Park in Poland.
czytaj więcejThe Polish cosmetics industry is increasing its presence on the Italian market, highlighting the growing export potential of Polish beauty products. A significant share of Polish cosmetics exports goes to European Union markets, reflecting strong integration with the European cosmetics sector.
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